Off The Wires

China, India to match US diamond demand

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Rio Tinto said that diamond demand in China and India could soon have a combined size to equal that of the US.

Gold Fields wants cash generative mines

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Gold Fields said it would like to repeat the acquisition of mines similar to the Yilgarn assets it bought from Barrick Gold Corporation.

Petra may return dividends early

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Petra Diamonds would consider paying dividends early to shareholders, said the firm's CEO, Johan Dippenaar.

Zim diamonds seized in compensation row

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Diamonds headed for auction in Antwerp were seized by Belgium authorities as they could be used to compensate a disgruntled Zimbabwe investor.

Namibia to buy desalination plant

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Namibia is to buy the $271m desalination plant built by Areva for the now mothballed Trekkopje uranium mine.

VMR has 1-20 share consolidation endorsed

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Village Main Reef believes a share consolidation will take out the volatility in its stock and improve its investment offering to new investors.

Iron ore slump won’t prevent cash returns

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The slump in the price of iron ore did not mean BHP Billiton and Rio Tinto would fail to deliver cash to investors as margins in the businesses were still large.

Ramaphosa discloses R76.6m in shares

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Investments in 30 townhouses are among the business interests of deputy president, Cyril Ramaphosa in a disclosure to Parliament.

Petra sells Cullinan diamond for $27m

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Petra Diamonds sold at 122.52 carat diamond discovered at its Cullinan mine in South Africa for $27.6m.

Paragon Diamonds investor hails gems

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A private equity investor who recently took a $4.3m stake in London's Paragon Diamonds said investing in gems would return value throughout the cycle.